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Investing in bonds safe bet amid market volatility: Experts

first_img“They think the bond market doesn’t offer capital gains, that’s wrong because there’s the secondary market,” Jason said, arguing that the secondary market provided ample capital gains, especially in long-term benchmark series. “But nobody talks about this to millennial investors.” Jason also argued that the majority of young investors would be better off investing in bonds than the stock market as the former offered stable returns.Jason added that a lack of exposure contributed to the low level of participation in government bonds among retail investors, despite his observation that fixed-income funds and money market funds had outperformed equity funds.The Finance Ministry’s director for government debt securities, Deni Ridwan, acknowledged that the reason many retail investors were reluctant to invest in government bonds was not just because they lacked exposure but also because of infrastructure hurdles. The Indonesia Stock Exchange (IDX) is currently developing an electronic trading platform that will include government bonds in partnership with global fixed income trading software company AxeTrading Ltd.“Hopefully, bonds will be traded as easily as trading stocks,” Deni said during the webinar. The government plans to issue retail government bonds worth Rp 50 trillion to Rp 70 trillion, Finance Minister Sri Mulyani Indrawati’s stated during a April 30 working meeting with House of Representatives Commission XI overseeing financial affairs.The Indonesian government is mostly financing its Rp 677.1 trillion fight against the COVID-19 outbreak by issuing bonds, with Rp 1.2 quadrillion in debt financing planned for this year, according to the ministry’s data dated June 3. It issued Asia’s first 50-year dollar bond in April and in the second half of the year will offer Indonesia’s first-ever diaspora bonds.  “This is an opportunity to invest and gain profit, but at the same time, also contribute to the fight against COVID-19,” said Deni, emphasizing that investing in government bonds was “investing in a good cause”. Founder of online financial planner Finansialku Melvin Mumpuni said new investors needed to set out their financial goals and seek advice, prior to choosing an investment instrument.While bonds can be included in one’s investment portfolio, Melvin explained how assets should be allocated across different investment instrument baskets. Indonesian government bonds are considered attractive by foreign investors because the country has been able to maintain a low debt to gross domestic product (GDP) ratio of around 30 percent, compared with more than 100 percent in Singapore, Japan and the United States.Indonesian government bonds in the benchmark 10-year series have also offered a real yield of 5.01 percent, which is higher than other emerging markets such as Thailand (4.05 percent), the Philippines (1.09 percent) and India (0.23 percent), Mandiri Sekuritas data show.Topics : Over the past year, Indonesian sovereign bond returns have been higher than the sovereign bonds other emerging markets as well as the Jakarta Composite Index (JCI), the benchmark stock index, according to total return index figures from Bloomberg and Mandiri Sekuritas.“Foreign investors have enjoyed the bond rally, [but] unfortunately, retail participation is still low,” said Handy, citing data from the Finance Ministry’s debt management office that show a retail investor participation rate of 3 percent in tradable government bonds. Foreign investors account for 38 percent of ownership, followed by non-bank institutions and banks at 22 percent and 21 percent, respectively.The JCI has dropped 15 percent overall in the past year and nearly 22 percent so far this year. Meanwhile, one-year rupiah deposit rates at local banks stand at around 4 to 5 percent. The government’s last retail bond issuance came with a fixed 6.8 percent coupon rate per year while the benchmark 10-year yield stood at 7.26 percent on Wednesday.Jason Gozali, the founder of young investors community Investor Muda, stated that “bonds are the most underestimated asset by retail investors”.  While not particularly popular among retail investors, investment in the bond market provides prospects for a safe and steady income, as the government plans to issue more debt papers to fund the nation’s COVID-19 battle, a webinar has concluded.Handy Yunianto, head of fixed income research at Mandiri Sekuritas, said that low interest rates made it difficult to deliver high rates of return from investing in safer investments, such as time deposits. Meanwhile, the recent volatility in the stock market has stoked fears among individual investors of the prospects of losing their lifetime savings, he added.“Bonds provide diversification and smooth out the higher volatility connected with equities,” Handy said in his presentation during the webinar “Investing in a high-risk environment: Managing fixed-income funds”, part of The Jakarta Post’s webinar series “Jakpost Up Close”.last_img read more

Ndidi’s surgery successful, says Rodgers

first_img “It went very well,” Rodgers told the national media on Friday, ahead of Saturday’s Premier League visit of Southampton to King Power Stadium (3pm kick-off). Read Also:Leicester City Fans worried over Ndidi’s Injury “It was a good operation. He’s now back in and straight into his recovery. Something around that (three or four weeks). Sometimes it can be sooner, sometimes it can’t be.” FacebookTwitterWhatsAppEmail分享 Leicester City manager, Brendan Rodgers, has confirmed that an operation on Wilfred Ndidi’s knee was successful, but the Nigeria international is still a number of weeks from returning to contention. Ndidi  Ndidi, 23, suffered a knee injury in training ahead of Wednesday’s Carabao Cup Semi-Final first leg tie against Aston Villa, and is expected to be out for around three or four weeks. Now the operation on the former Genk midfielder’s meniscus has been completed, Rodgers says he is now back in at Belvoir Drive and has commenced the recovery process.Advertisement Loading… center_img Promoted Content7 Theories About The Death Of Our Universe20 Completely Unexpected Facts About ‘The Big Bang Theory’20 Interesting Facts You Probably Didn’t Know About Siberia8 Things That Will Happen If An Asteroid Hits EarthWho’s The Best Car Manufacturer Of All Time?Superhero Castings That People Hated But Were Amazing6 Ridiculous Health Myths That Are Actually TrueWhy Do So Many Digital Assistants Have Feminine Names & Voices?How Good The CGI Effects In Those Movies Were!7 Ways To Understand Your Girlfriend Better7 Of The Wealthiest Universities In The World5 Of The World’s Most Unique Theme Parkslast_img read more

Duke Energy reports record number of scam attempts against its customers in June

first_imgStatewide– Scams targeting electric and natural gas customers are on the rise, with imposters implementing new tactics during the pandemic to trick utility customers out of money and personal information.June 2020 was the highest single month on record for reported scam attempts targeting Duke Energy customers across the states it serves, hitting more than 4,000. The total number of scam attempts reported by Duke Energy customers so far in 2020 – 15,000 – already is approaching 2019’s full-year total of 18,000. In Indiana, Duke Energy customers have reported more than 1,400 scam attempts in June, which is close to the total reports for all of 2019.Scammers have added a new tactic, which promises to mail customers refund checks for overpayments on their accounts if they can confirm their personal data, including birthdays and, in some cases, social security numbers. Generally, Duke Energy will apply refunds as a credit to customers’ accounts and will not contact customers to verify personal information by phone, email, or in-person in order to mail a check.Scam reports also indicate that phone scammers posing as utility providers continue to call and insist customers are delinquent on their bills. The scammer typically claims a service disconnection is pending, rigs caller ID to mimic your utility provider, and demands the money in the form of a prepaid debit card. Duke Energy has currently suspended disconnections for nonpayment.Common scam tactics include:• A call with pre-recorded voice, often referred to as a robocall, with a caller ID display showing the customer’s utility’s name.• A mimicked Interactive Voice Response menu that customers typically hear when they call their utility.• Threats to disconnect the power or natural gas service to a customer’s home or business within an hour.• Immediate payment demands by prepaid debit card.• And, with many utilities suspending non pay disconnections during the COVID-19 pandemic, scammers are now promising refund checks if the customer makes a payment and the pending disconnect was an error.  Customers who suspect they have been victims of fraud or who feel threatened during contact with one of these scammers should:• Hang up the phone, especially if it’s a robocall.• Call the utility provider by using the phone number provided on the bill or on the company’s official website, followed by a call to the police.• Never purchase a prepaid debit card or gift card to avoid service disconnection or shutoff. DO NOT pay over the phone if immediate payment is demanded by a prepaid card to avoid disconnection. Legitimate utility companies do not specify how customers should make a bill payment, and they always offer a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail, or in person.Customers can learn about recent scams and how to recognize the warning signs on the Federal Trade Commission website read more

Couple finds bag of cocaine on beach worth $884,000

first_imgThe Monroe County Sheriff’s Office is reporting that a couple visiting a beach in the Keys found a duffel bag full of cocaine worth $884,000.The discovery was made on Saturday around 1 pm at Grassy Key on Morton Street.According to deputies, the bag contained 20 bricks of cocaine weighing around 25 kilograms.U.S Border Patrol was called to the scene as has since taken possession of the drugs.last_img

Ellsworth wrestling team takes 3rd place at regionals

first_imgELLSWORTH — The Ellsworth wrestling team posted one of its best finishes of the season when it placed third at Saturday’s regional championships in Caribou.Ellsworth’s Logan Lord avenged his only two losses this season when he defeated Medomak Valley’s Steven Thompson in the 138-pound title bout. Peyton Cole added another win for the Eagles by winning at 152 pounds, and Trent Goodman defeated Bucksport’s Brody Boynton for the 170-pound crown.The Golden Bucks finished the day fourth. David Gross continued his dominance in the 285-pound weight class when he pinned Foxcroft’s Matt Storer in the final. Foster Ashmore won the 120-pound consolation title for Bucksport, which also saw Keigan Riccard and Devin Darveau reach the consolation finals.Both schools have wrestlers competing at the state championships next Saturday, Feb. 18. Bucksport will host the competition, which will begin at 9:30 a.m.This is placeholder textThis is placeholder textlast_img read more

Cricket News Senuran Muthusamy – Know The Bowler Who Took Virat Kohli As His Debut Test Wicket

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: South Africa had included a debutant in the Vizag Test to take on India. On a dry pitch, the Proteas included three spinners in Keshav Maharaj, Dane Piedt and the unknown Senuran Muthusamy. Muthusamy, a left-arm spinner born in Durban and representing the Dolphins franchise and KwaZulu Natal in South Africa’s domestic cricket, has his roots in Chennai. After a mediocre start on day 1, Muthusamy was called to bowl on day 2 with India firmly on top thanks to a brilliant 176 from Rohit Sharma and Mayank Agarwal’s maiden ton.Agarwal and Indian cricket team skipper Virat Kohli had shared a partnership of over 50 and India were on top. Kohli was looking good on 20 when Muthusamy had a dream moment. Bowling a loopy delivery that gripped and stopped on Kohli, the batsman looked to turn it to the leg side but only managed a leading edge that was taken by the bowler. Muthusamy’s jubilation knew no bounds and Kohli could only watch on stunned by the manner of his dismissal.Also Read | Rohit Sharma ‘Opens’ His New Chapter In Indian Test Cricket In Grand StyleMuthusamy’s family moved to South Africa from Tamil Nadu generations ago, the 25-year-old from Durban is no stranger to India, having toured here with South Africa A last year. He has been born and brought up in South Africa but says they are like “any other South Indian family” back home. “Our roots are from Chennai. I have still got family in Nagapattinam (about 300 kms from Chennai). Many generations have passed through but the Indian connect is very much there and our culture is very much Indian. My parents were ecstatic when they found out about my selection (for South Africa) and my debut tour against India makes it even more special. I do yoga back home in Durban which has the largest Indian population in South Africa. We visit temples regularly and some of my family even speaks Tamil. Unfortunately I don’t but I am slowly starting to learn the language,” Muthusamy told PTI before the match.Also Read | Vernon Philander Urges South Africa’s Seniors To Go After India’s ‘Top Dogs’Muthusamy will now make an even bigger impression at the Test arena thanks to the wicket of Kohli. Not many can count that as a wicket for a debutant. last_img read more

Gardner-Webb looks to sweep USC Upstate

first_img Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditGardner-Webb (8-14, 4-6) vs. South Carolina Upstate (10-14, 5-6)G.B. Hodge Center, Spartanburg, South Carolina; Saturday, 4:30 p.m. ESTBOTTOM LINE: South Carolina Upstate seeks revenge on Gardner-Webb after dropping the first matchup in Boiling Springs. The teams last faced each other on Jan. 18, when the Runnin’ Bulldogs outshot South Carolina Upstate from the field 51.9 percent to 46.6 percent and hit 12 more free throws en route to the 16-point victory. February 7, 2020 BIG MEN ON CAMPUS: Everette Hammond has put up 14.5 points and 4.5 rebounds to lead the way for the Spartans. Tommy Bruner is also a top contributor, accounting for 14.1 points per game. The Runnin’ Bulldogs have been led by Eric Jamison Jr., who is averaging 13.7 points and 5.5 rebounds.RAMPING IT UP: The Spartans have scored 71.9 points per game against conference opponents so far, an improvement from the 63.1 per game they managed in non-conference play.EFFECTIVE EVERETTE: Hammond has connected on 30.9 percent of the 94 3-pointers he’s attempted and has made 5 of 13 over his last five games. He’s also converted 84.5 percent of his foul shots this season.YET TO WIN: The Runnin’ Bulldogs are 0-9 when they score 64 points or fewer and 8-5 when they exceed 64 points. The Spartans are 0-13 when they fail to score more than 72 points and 10-1 on the season, otherwise.ASSIST RATIOS: The Runnin’ Bulldogs have recently used assists to create buckets more often than the Spartans. South Carolina Upstate has 38 assists on 87 field goals (43.7 percent) over its past three outings while Gardner-Webb has assists on 48 of 75 field goals (64 percent) during its past three games.TOUGHENING UP: Gardner-Webb’s defense has forced 13.1 turnovers per game this season, but is averaging 16.3 takeaways over its last three games.center_img Gardner-Webb looks to sweep USC Upstate ___For more AP college basketball coverage: and was generated by Automated Insights,, using data from STATS LLC, https://www.stats.comlast_img read more

No Syracuse players named to preseason All-ACC team

first_img Facebook Twitter Google+ Published on July 24, 2013 at 3:36 pm Contact Trevor: | @TrevorHass No Syracuse players were named to the 2013 preseason All-Atlantic Coast Conference football team released Wednesday. Orange running back Jerome Smith, center Macky MacPherson and placekicker Ross Krautman each received votes from the media.Smith finished third in the voting for running backs with 17 votes, behind Miami’s Duke Johnson and Florida State’s James Wilder Jr. MacPherson was second among centers with 15 votes, behind FSU’s Bryan Stork. Krautman received two votes, which tied him with Boston College’s Nate Freese for fourth place.My goal isn’t to be the best in the ACC but to be the BEST in the NATION #motivated— Jerome Smith (@RomeSmith45) July 24, 2013Clemson star quarterback Tajh Boyd and wide receiver Sammy Watkins highlight the offensive preseason team. Boyd was named on 59 of 65 ballots, while Watkins gathered 57 votes. The duo is joined by Miami’s Johnson, North Carolina tight end Eric Ebron and Florida State offensive guard Tre’ Jackson, among others.AdvertisementThis is placeholder textGeorgia Tech defensive end Jeremiah Attaochu, Virginia Tech linebacker Jack Tyler and Duke cornerback Ross Cockrell are three members of the defense. Clemson placekicker Chandler Catanzaro, Duke punter Will Monday and Maryland return specialist Stefon Diggs are also on the team.For SU, Smith, a junior, led the Orange in rushing last year with 1,171 yards. He added three rushing touchdowns and his 90.1 rushing yards per game ranked third in the Big East. Smith was named to Athlon Sports’ preseason first team.MacPherson started all 13 games last season and earned a spot on the 2012 Capital One Academic All-District team. He blocked for Smith and Prince-Tyson Gulley, among other Orange rushers. MacPherson represented Syracuse at ACC Football Kickoff in Greensboro, N.C. with defensive tackle Jay Bromley.Krautman ranks second on Syracuse’s career field goal percentage record list, converting 78.7 percent of his kicks. He is also fourth on SU’s career field goals made list with 48. Krautman made two field goals from more than 40 yards out last season, including one from 47 yards out in a 40-10 win over Connecticut.Smith, MacPherson, Krautman and the rest of the Orange open training camp on Aug. 5. They start the regular season against Penn State at MetLife Stadium on Aug. 31 at 3:30 p.m. Commentslast_img read more

Fans react to column claiming Ennis’ shot is best in Syracuse history

first_img Facebook Twitter Google+ Published on February 13, 2014 at 4:26 pm Contact Meredith: | @MerNewman93 Tyler Ennis hit a buzzer-beater to send No. 1 Syracuse to a 58-56 win over No. 25 Pittsburgh on Wednesday. Beat writer David Wilson, who was in Pittsburgh to see the chaos unfold, calls it the greatest shot in Syracuse history. Some agree, while others don’t. “@TrevorHass: Ennis’ buzzer-beater to edge Pitt is greatest shot in Syracuse history, argues @DBWilson2:”>No Pearl— The Cuseaholic (@Cuseaholic) February 13, 2014 Commentslast_img